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Course After B\'com | US CPA coaching in India | Simandhar Education

After B’com many courses are available. but, few only very good like US CPA,US CMA these two are very good.Nowadays many US companies are coming to India.

We cannot generally say one course is better than another. It entirely depends on a candidate’s future goals and many other factors.

 

Comparison can definitely be there between Indian CA, Indian CMA, and CPA US on grounds like:

1. Time duration involved: CPA US can be completed in 1 year time while Indian CA takes around 5 years and Indian CMA takes around 3 years.

2. Levels of study involved: CPA US is a single level exam while Indian CA and CMA are multiple level exam.

3. Subjects covered: CPA US has 4 exam sections while CA and CMA has many papers divided into groups.

4. Training required as a prerequisite for writing exam: 3 year article-ship training is a must for writing CA Final exam while there is no such requirement for writing the CPA US exam.

5. Overall Pass Percentage: CPA US has an average of around 49%–50% of pass percentage for all 4 sections while the result for CA and CMA is quite uncertain and relatively very low.

6. Recognition: India CA and India CMA is mostly recognized in India while CPA US has job opportunities across the globe.

7. Scope of employment: If you want to work in Indian industry or companies where Indian accounting and auditing standards are required, Indian CA and Indian CMA are definitely better options but if you want to work for BIG 4s and US-based MNCs where the job profile requires knowledge on areas like US GAAP, US Audit, US Taxation laws etc., you should choose CPA US.

8. Opportunity to move abroad on international assignments: US CPAs generally get more opportunities to work on international assignments in comparison to Indian CAs and CMAs.

The above are the differences between CPA US, Indian CA and Indian CMA (earlier CWA).

There is another course CMA US, certification in management accounting awarded by the Institute of Management Accountants (IMA) USA. This course has 2 papers:

Part 1: Financial Reporting, Planning, Performance, and Control (4 hours – 100 multiple-choice questions and two 30-minute essay questions)

Part 2: Financial Decision Making (4 hours – 100 multiple-choice questions and two 30-minute essay questions)

The two parts of CMA US are more of management related papers covering areas like financial statement analysis, cost management, risk management etc., most of the topics of CMA US are covered in BEC section of the CPA exam.

So, it's advisable to go for CPA US if someone really wants to add value to one’s existing credentials so that you just not gain knowledge of the 2 parts of the CMA US exam but also on areas like US GAAP, US Tax and US Audit.

Each course has its own pros and cons. What fits for one may not fit for another. My suggestion would be to pick a course considering your future goals and where you see yourself few years down the line.

Read More About Placements in US CPA,CMA Click Here…

About Simandhar education

Simandhar is the official partner of Becker and Channel partner of AICPA, Simandhar offices in Bangalore, Hyderabad, Delhi, Ahmedabad Gurgaon, Kerala and Mumbai.

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